Corporations Act 2001

CHAPTER 7 - FINANCIAL SERVICES AND MARKETS  

Note: This Chapter applies to a CCIV in a modified form: see Division 4 of Part 8B.7 .

PART 7.3B - CRISIS RESOLUTION FOR CS FACILITY LICENSEES  

Division 9 - Other matters  

Subdivision C - Temporary suspension of termination rights  

SECTION 849BE  

849BE   CIRCUMSTANCES WHERE A TRANSACTION BY STATUTORY MANAGER NOT VOIDABLE UNDER SECTION 588FE  

A transaction of a body corporate is not voidable under section 588FE merely because:

(a)    the transaction was entered into at a time when this Subdivision applied to the body corporate; and

(b)    the transaction is:

(i) an uncommercial transaction of the body corporate; or

(ii) an unfair preference given by the body corporate to a creditor of the body corporate; or

(iii) an insolvent transaction of the body corporate; or

(iv) a creditor-defeating disposition by the body corporate.